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South Bend Redevelopment Commission <br />Regular Meeting -January 15, 2010 <br />lathe, coordinate measuring machine, general <br />shop equipment, software, computers, office <br />furniture, inspection equipment, a fork lift <br />and an air compressor. The total cost of the <br />equipment is estimated to be $437,500. <br />Total taxes to be abated during the five-year <br />abatement period are estimated at $17,618. <br />Total additional taxes to be paid as a result of <br />the project during the five-year abatement <br />period are estimated at $12,493. <br />It is estimated that the project will create five <br />new, permanent full-time positions with an <br />annual payroll $205,021. <br />Endeavor Machined Products has not been <br />granted or associated with any previous tax <br />abatements. The property is properly zoned <br />for the proposed project. The property is <br />located in the South Bend Central <br />Development Area, which is a Tax <br />Incremental Allocation Area; therefore, the <br />petition for personal property tax deduction <br />must first be approved by the South Bend <br />Redevelopment Commission. The project <br />meets the qualifications for afive-year <br />personal property tax abatement under the <br />tax abatement ordinance. <br />Ms. Jones asked what kinds of positions will <br />be created. She wondered if some would be <br />design jobs. Mr. Duszynski responded that <br />they will be everything from set up and <br />operating this equipment to people who drive <br />a truck or sweep the floor. Their company <br />will not do any design. The jobs come to <br />them already designed. <br />Mr. Varner asked if they have a client base <br />already established. Mr. Duszynski <br />responded that they have been in contact with <br />18 <br />